USA Mega

Mississippi Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $179,700,000 for a ticket purchased in Mississippi, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Mississippi

Drawing Date:Wed, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,142,526$140,979$1,920,564
2$3,332,232$1,189,946$146,618$1,995,667
3$3,465,521$1,239,263$152,483$2,073,775
4$3,604,142$1,290,553$158,582$2,155,007
5$3,748,307$1,343,894$164,926$2,239,488
6$3,898,240$1,399,369$171,523$2,327,348
7$4,054,169$1,457,063$178,383$2,418,723
8$4,216,336$1,517,065$185,519$2,513,753
9$4,384,989$1,579,466$192,940$2,612,584
10$4,560,389$1,644,364$200,657$2,715,368
11$4,742,805$1,711,858$208,683$2,822,263
12$4,932,517$1,782,051$217,031$2,933,435
13$5,129,817$1,855,053$225,712$3,049,053
14$5,335,010$1,930,974$234,740$3,169,296
15$5,548,411$2,009,932$244,130$3,294,348
16$5,770,347$2,092,049$253,895$3,424,403
17$6,001,161$2,177,450$264,051$3,559,660
18$6,241,207$2,266,267$274,613$3,700,327
19$6,490,856$2,358,637$285,598$3,846,621
20$6,750,490$2,454,701$297,022$3,998,767
21$7,020,509$2,554,609$308,902$4,156,998
22$7,301,330$2,658,512$321,259$4,321,559
23$7,593,383$2,766,572$334,109$4,492,702
24$7,897,118$2,878,954$347,473$4,670,691
25$8,213,003$2,995,831$361,372$4,855,799
26$8,541,523$3,117,384$375,827$5,048,312
27$8,883,184$3,243,798$390,860$5,248,526
28$9,238,511$3,375,269$406,494$5,456,747
29$9,608,052$3,511,999$422,754$5,673,298
30$9,992,374$3,654,199$439,664$5,898,511
Total$179,700,000$65,199,608$7,906,799$106,593,593

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.